Intel prices $20 billion stock offering and underwriters exercise $3 billion option
Filed with the SEC on · Summarized by InvestorsBot
Intel priced 210.5 million shares at $95 each for $20 billion, with the offering expected to generate approximately $19.7 billion in net proceeds before any additional shares, and is expected to close on August 12, 2026. On August 11, underwriters exercised their option in full to buy another 31.6 million shares, bringing the total offering to about 242.1 million shares; Intel plans to use the proceeds for general corporate purposes, including capital expenditures and working capital.